BAE Systems Ship Repair

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Hanjin's Cosco Busan under repair at BAE Systems in Pier 70 in San Francisco. The ship crashed onto the Bay Bridge on November 7, 2007, and has since left this area.

BAE Systems Ship Repair of Norfolk, Virginia^[1] is a major non-nuclear ship repair business in the United States, formerly known as United States Marine Repair. In June 2005 BAE Systems completed its acquisition of United Defense, USMR's parent company. The company's primary customer is the United States Navy, other customers include other branches of the US military and commercial cruise lines such as Royal Caribbean.

[edit] History

In 1998 USMR acquired Norfolk Shipbuilding and Dry Dock Company (NORSHIPCO). In 2004 USMR purchased Honolulu Shipyard Inc. (HSI) for $16 million. HSI was another U.S. Navy ship repair business.

United States Marine Repair was acquired by the Carlyle Group in November 1997. Carlyle planned to float the company but instead chose to sell it to United Defense (which it partially owned) in May 2002.

[edit] References

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